Canadian Pacific Railway Limited Common Stock (NYSE:CP) Has Been Upgraded Today by JP Morgan to a “Overweight”

October 13, 2017 - By Henry Gaston

  Canadian Pacific Railway Limited Common Stock (NYSE:CP) Has Been Upgraded Today by JP Morgan to a

Canadian Pacific Railway Limited Common Stock (NYSE:CP) Stock Upgrade

JP Morgan gave Canadian Pacific Railway Limited Common Stock (NYSE:CP) shares a new “Overweight” rating in a report issued to investors and clients on 12 October. The boost from the old “Neutral” rating is certainly an interesting one.

Canadian Pacific Railway Limited (USA) (NYSE:CP) Ratings Coverage

Among 26 analysts covering Canadian Pacific (NYSE:CP), 19 have Buy rating, 0 Sell and 7 Hold. Therefore 73% are positive. Canadian Pacific has $262.0 highest and $119 lowest target. $181’s average target is 7.30% above currents $168.69 stock price. Canadian Pacific had 62 analyst reports since September 30, 2015 according to SRatingsIntel. Barclays Capital maintained Canadian Pacific Railway Limited (USA) (NYSE:CP) rating on Monday, April 11. Barclays Capital has “Overweight” rating and $142 target. The firm has “Buy” rating by Citigroup given on Tuesday, September 13. On Wednesday, September 30 the stock rating was upgraded by Goldman Sachs to “Buy”. As per Friday, June 3, the company rating was reinitiated by Morgan Stanley. The stock has “Buy” rating by Cowen & Co on Friday, July 28. Raymond James downgraded the shares of CP in report on Monday, October 17 to “Outperform” rating. Cowen & Co maintained Canadian Pacific Railway Limited (USA) (NYSE:CP) rating on Wednesday, August 30. Cowen & Co has “Buy” rating and $172.0 target. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, October 21. On Thursday, July 21 the stock rating was maintained by RBC Capital Markets with “Outperform”. Bernstein maintained Canadian Pacific Railway Limited (USA) (NYSE:CP) rating on Thursday, April 21. Bernstein has “Outperform” rating and $170 target.

About 294,441 shares traded. Canadian Pacific Railway Limited (USA) (NYSE:CP) has risen 21.39% since October 13, 2016 and is uptrending. It has outperformed by 4.69% the S&P500.

Investors wait Canadian Pacific Railway Limited (USA) (NYSE:CP) to report on October, 18. its quarterly earnings Wall Street analysts expect $2.38 EPS, up $0.29 or 13.88 % from last year’s $2.09 same quarter earnings. This translates into $348.34 million profit for CP giving the stock a 17.72 P/E. This is assuming the current $2.38 EPS is accurate. Canadian Pacific Railway Limited (USA)’s Wall Street analysts see 15.53 % EPS growth, taking into account the $2.06 EPS reproted in the previous quarter,

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company has market cap of $24.69 billion. The Firm operates through rail transportation segment. It has a 18.86 P/E ratio. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

More important recent Canadian Pacific Railway Limited (USA) (NYSE:CP) news were published by: Benzinga.com which released: “Riding The Rails: Canadian Train Stocks Preferred To CSX, Union Pacific” on October 02, 2017, also Benzinga.com published article titled: “Benzinga’s Top Upgrades, Downgrades For October 12, 2017”, Benzinga.com published: “Canadian Pacific Ready To Switch Tracks To Faster Sales Growth” on October 12, 2017. More interesting news about Canadian Pacific Railway Limited (USA) (NYSE:CP) was released by: Reuters.com and their article: “CSX customers demand end to shipping bottlenecks as CEO apologizes” with publication date: October 11, 2017.

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